NOT LISTED FOR SALE

Estimated Value: $558,000 - $693,000

2 Beds
3 Baths
2,438 Sq Ft
$251/Sq Ft Est. Value

Last Sold December 01, 2022

Last sale price $565,000 $232 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,893/month

123 Days on Market

Highlights

  • Guest Parking
  • Level Lot
  • 3-minute walk to Lincoln School Playground
  • Baseboard Heating
  • 1-Story Property

About This Home

As of December 2022

Price Reduced-Excellent investment opportunity. Own a 3 unit property in the heart of downtown. One vintage home + newer duplex. Lots of private parking and laundry in each unit. Tenants will each enjoy their own fenced private outdoor space. Possibilities include multi-generational/ rentals / home + rental. Desired location 1 1/2 miles from the University & close to bus lines and bike paths. Sold "As-is" at this new price. Call us for more information. Please do not disturb tenants

Last Listed By

Shelly Begines

Joi Real Estate License #201221973 Listed on: 07/01/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,121

Year Built

  • Built in 2001

Lot Details

  • Level Lot

Home Design

  • Plywood Siding Panel T1-11

Interior Spaces

  • 2,438 Sq Ft Home
  • 1-Story Property

Parking

  • Paved Parking
  • Guest Parking

Schools

  • Cesar Chavez Elementary School
  • Arts & Tech Middle School
  • Churchill High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes ground maintenance, sewer, water
  • Assessor Parcel Number 0270460

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $11,963
  • Gross Income $44,220
  • Net Operating Income $32,257

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,121

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 2001
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved

Garage/Parking

  • Parking Description: Guest, Paved
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Cesar Chavez
  • High School: Churchill
  • Middle Or Junior School: Arts & Tech

Lot Info

  • Zoning: R2
  • Parcel #: 0270460

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 5121.1

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 13.55
  • Annual Gross Income: 44220.0
  • Property Net Operating Income: 32257.0
  • Annual Operating Expense: 11963.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2022
Closed on
Nov 9, 2022
Sold by
Iverson Investment 1337 Llc
Bought by
Jla Group Llc
Seller's Agent
Shelly Begines
Joi Real Estate
Buyer's Agent
Lori Palermo
Palermo Real Estate
List Price
$599,000
Sold Price
$565,000
Premium/Discount to List
-$34,000
-5.68%
Total Days on Market
123
Views
11
Current Estimated Value
$611,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,875
Avg. Annual Appreciation
4.43%
Original Mortgage
$15,000
Outstanding Balance
$14,653
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$612,508

Purchase Details

Closed on
Feb 14, 2017
Sold by
Iverson Investments 1337 Llc
Bought by
Iverson Jordan C and Iverson Shelly R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,500
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2013
Sold by
Iverson Jordan C and Iverson Shelly R
Bought by
Iverson Investments 1337 Llc

Purchase Details

Closed on
Dec 8, 2006
Sold by
Iverson Jordan C and Iverson Shelly R
Bought by
Iverson Jordan C and Iverson Shelly R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,450
Interest Rate
6.38%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 28, 2001
Sold by
Iverson Boyd
Bought by
Iverson Jordan C and Iverson Shelly R

Purchase Details

Closed on
Apr 12, 2000
Sold by
Swan John R
Bought by
Iverson Boyd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,823
Interest Rate
8.26%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 27, 1999
Sold by
Mart Brad E and Mart Diane M
Bought by
Swan John R

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jla Group Llc $565,000 Evergreen Land Title Company
Iverson Jordan C -- Evergreen Land Title Co
Iverson Investments 1337 Llc -- Accommodation
Iverson Investments 1337 Llc -- Evergreen Land Title Co
Iverson Jordan C -- Western Title & Escrow Compa
Iverson Jordan C -- Western Pioneer Title Co
Iverson Boyd $90,000 Key Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jla Group Llc $15,000
Previous Owner Iverson Jordan C $311,500
Previous Owner Iverson Jordan C $206,450
Previous Owner Iverson Jordan C $197,000
Previous Owner Iverson Boyd $29,823
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2022 12/01/22 Sold $565,000 -5.7% $232 / Sq Ft
11/01/2022 11/01/22 Pending -- -- --
10/14/2022 10/14/22 Price Changed $599,000 0.0% $246 / Sq Ft
10/14/2022 10/14/22 For Sale $599,000 +6.0% $246 / Sq Ft
10/03/2022 10/03/22 Off Market $565,000 -- --
09/16/2022 09/16/22 Price Changed $665,000 -2.2% $273 / Sq Ft
09/16/2022 09/16/22 For Sale $680,000 0.0% $279 / Sq Ft
09/09/2022 09/09/22 Pending -- -- --
09/03/2022 09/03/22 For Sale $680,000 0.0% $279 / Sq Ft
08/27/2022 08/27/22 Pending -- -- --
07/29/2022 07/29/22 For Sale $680,000 0.0% $279 / Sq Ft
07/14/2022 07/14/22 Pending -- -- --
07/01/2022 07/01/22 For Sale $680,000 -- $279 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $5,820 $285,111 $0 $0
2022 $5,452 $276,807 $0 $0
2021 $5,121 $268,745 $0 $0
2020 $5,139 $260,918 $0 $0
2019 $4,963 $253,319 $0 $0
2018 $4,672 $238,778 $0 $0
2017 $4,463 $238,778 $0 $0
2016 $4,352 $231,823 $0 $0
2015 $4,227 $225,071 $0 $0
2014 $4,142 $218,516 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22304203

Regional Multiple Listing Service (RMLS)

APN: 0270460